The last time mortgage rates hovered near the 7% range was two decades ago, as continued Fed actions to ease inflation have forced the fixed-rate mortgage to 20-year highs.
As mortgage rates creep toward the 7%-mark, buyers still in the market are being forced to downgrade their ...
While home price gains have slowed nationwide, actions by the Federal Reserve to curb inflation continue to...
San Diego-based lender Guild Mortgage increases its market share in the Midwest by agreeing to acquire Wisconsin-based Inlanta Mortgage, a lender currently operating in 27 states.
The maximum loan limits for FHA forward mortgages will rise in 3,222 U.S. counties next year, while in just 12 counties, loan limits will remain unchanged.
After two weeks of increases in overall mortgage application volume, a holiday-shortened week found volume slipping slightly, despite the 30-year fixed mortgage rate dropping to 6.49%.
As per the Housing and Economic Recovery Act, the FHFA has increased its conforming loan limits for the GSEs next year, in line with the 0.1% rise in home prices in Q2 of 2022.
After an historic decline in mortgage rates last week, a second consecutive week of rate drops has given way to a 2.2% rise in overall mortgage applications.
Non-English-speaking borrowers remain an underserved market and potential revenue source, but lenders seeking to serve that market need to first consider several things.
A new report from Citizens Financial found that homeowners are following their home’s equity more closely as prices continue to fluctuate.
Thirty-four-year industry veteran Kisha Weir joins Churchill Mortgage Corporation to oversee sales and business development operations for the company’s Pacific Northwest Division.
Former @FannieMae Chief of Staff Nayda McKain is promoted by @CenlarFSB to help drive organizational change, employee engagement, process improvements, and business continuity within the subservicer.
A new @zillow analysis found that sellers looking to slash prices are doing so on a Thursday, with price cuts on average nearly 3% of the listing price, or $11,000 off the price of a typical U.S. hom
Michele M. Evans of @FannieMae discusses the GSE’s new Positive Rent Payment Reporting pilot program and how renters on the path to homeownership can build their credit history and improve their credi
The @MBAMortgage reports that mortgage rates exceeding the 7% mark and declining purchasing power leading are contributing to fewer new applications nationwide.
George Reichert of Enact shares how can lenders maintain the best levels of IT service, integrate effectively with their partners, and innovate while also managing their expenses.
In a letter to HUD Secretary Marcia L. Fudge, Rep. Maxine Waters, Chair of the Housing Financial Services Committee, said the supply of the nation’s affordable housing should be a top priority.
With inflation and mortgage rates rising to challenge the industry, MReport speaks to a cross-section of mortgage industry executives about why now is the time to rise to the occasion with innovation
The @MBAMortgage reports that credit standards are becoming more restrictive, as its Mortgage Credit Availability Index drops to its lowest level since March of 2013.
After slight relief in mortgage rates last week, the Fed’s sixth rate hike of the year finds the housing market adjusting to rapidly tightening monetary policies, as @FreddieMac reports mortgage rates
As mortgage rates remain in the 7% range, the @MBAMortgage reports mortgage app volume falling slightly this week, with the refinance share of volume hitting a low last seen in August of 2000.
Diminished demand in the housing market has been further dampened by erratic mortgage rates, which dipped slightly this week according to @FreddieMac, as affordability issues continue to put buying si
Mortgage rates exceeding the 7% mark have driven overall mortgage app volume down, as the @MBAMortgage reports refi apps continue to run more than 80% below last year’s pace.